EANS-News: TA Triumph-Adler AG / TA Triumph-Adler 2008: Market drop, extraordinary factors result in sales and earnings decrease

Further reduction of finance liabilities, stable operating cash flow,
good cash position

Accounting adjustments following full
consolidation by Kyocera Mita Corporation

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Nürnberg (euro adhoc) - Nuremberg, 31 March 2009 - In its 2008
financial year TA Triumph-Adler generated Group revenues of EUR358.1
million a decrease by 7.2 % as compared with sales of EUR386.1
million in the previous year. Earnings before tax reached EUR7.3
million following EUR9.3 million in the previous year, just missing
the targets as revised in September, 2008. Pre-tax return on sales
dropped from 2.4% to 2.0% partly due to extraordinary charges.

At EUR14.4 million, cash flow was once again significantly positive
in the 2008 financial year. Cash flow of EUR16.1 million was achieved
in the previous year. Overall, the Group generated cash flow from
operating activities of EUR20.3 million in 2008, compared with EUR6.0
million in 2007. The cash position rose 5.4% compared with the
previous year's balance sheet date, when cash and cash equivalents
amounted to EUR27.4 million. The cash position amounted to EUR29.0
million on December 31, 2008.

Not to the least extent, this decline reflects the general market
trend. However, it is also partly caused by the exceptional events
within the Group, in particular due to the detection of criminal
intrigues at TA Triumph-Adler Norddeutschland. This is being
explained in the Group Management Report published today. In
addition, the projected acquisition activities were decelerated
sharply in view of the overall business development.

Accounting adjustments, retirement of deferred taxes following
takeover by Kyocera-Mita

Previous year´s figures were adjusted. In the course of the takeover
by Kyocera Mita Corporation TA Triumph-Adler Group will be fully
consolidated by its parent company, which employs US GAAP accounting
standards. Particularly in order to minimize the expense related to
the transition from IFRS to US GAAP, the accounting treatment of
certain leases was adjusted retrospectively in the IFRS financial
statements. As has been previously reported, the tax loss carry
forwards of TA Triumph-Adler AG and its subsidiaries are no longer
tax deductible also due to the takeover. The deferred tax assets
based on those tax loss carry forwards had to be written down in the
amount of over EUR20 million. This gives rise to an annual net loss
before minority interests of EUR16.8 million. In the 2007
consolidated financial statements, a net profit for the year of
EUR37.9 million had been reported due to a write-up to deferred tax
assets.

Parent company strengthens equity ratio, still negative Group equity

Net income for the year of EUR3.6 million was generated at TA
Triumph-Adler Aktiengesellschaft, the Group parent company, which was
transferred to the revenue reserves. Equity rose correspondingly. It
amounted to EUR97.4 million as of December 31, 2008, 3.8 % higher
than at the previous year's balance sheet date. The equity ratio also
increased, and amounted to 29.9 % as of December 31, 2008 (December
31, 2007: 29.6 %).

By contrast, equity within the overall Group is negative. The
consolidated equity of TA Triumph-Adler AG totaled minus EUR71.0
million as of December 31, 2008 following minus EUR53.5 million as of
December 31, 2007. The matter is of a purely accounting nature, and
has no legal or liquidity consequences, or effects that might
jeopardize the company as a going concern. After the retirement of
deferred tax assets the accumulated loss rose from EUR142.6 million
to EUR159.4 million.

Both non-current and current finance debt was repaid on schedule.
Finance debt still totaling EUR40.9 million (December 31, 2007:
EUR47.4 million) includes instruments relating to the new financing,
including, in particular, the EUR17.5 million syndicated loan
(December 31, 2007: EUR22.5 million), and two borrower's note loans.
We cut net debt (finance debt minus cash and cash equivalents) from
EUR19.9 million to EUR11.9 million.

Group does not relinquish its medium-term targets

TA Triumph-Adler is not issuing revenue and earnings forecasts for
the 2009 financial year given the high degree of uncertainty relating
to the economic environment, and the potential to implement its
plans. Even in the difficult economic environment, the Group sticks
to implementing the "Aufbruch 2010!" program, strengthening sales,
and improving gross margins at the regional companies.

Jointly with Kyocera Mita the Group ventures to develop and implement
a strategy to establish the direct sales business model throughout
Europe. In the current financial year, however, management does not
expect any significant effects from related activities.

Anticipating a return to a stable business environment in 2010 TA
Triumph-Adler is aiming for Group revenue of EUR400 million to EUR440
million for 2010, with an EBT margin of 5%. This target does not
reflect potential effects arising from a European strategy.

Group and parent company financial statements were made available to
the public on the www.triumph-adler.de website as well as on the
www.deutsch-boerse.com portal on March 31, 2009.

For further information please contact:
TA Triumph-Adler AG
Südwestpark 23
90449 Nuremberg
Germany
Dr. Joachim Fleing
Telefon: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.de

end of announcement euro adhoc
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ots Originaltext: TA Triumph Adler AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Sonja Blättchen

Telefon: +49 (0)911 6898-104

E-Mail: sonja.blaettchen@triumph-adler.net

Branche: Semiconductors & active components
ISIN: DE0007495004
WKN: 749500
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade